dollar rupee forecast for 20 to 24 july 2015
NSE usd inr future this week closed with loss. This was third losing week for losses for us dollar on continues profit booking. Though us dollar still in uptrend in weekly chat and test major average this week. Indicators are oversold and recovery expected in next week so keep buy and accumulate view for target 64 and above. On downside 63.3 and 63 are support zones for next week. On upside 64.3 and 64.55 are strong resistances.
euro rupee forecast for 20 to 24 july 2015
NSE eur inr future this week closed at 69.21 with loss. On weekly chart euro is in downtrend and with strong bearish momentum. This week eur inr future high was at 71.17 while low was at 69.12. Total 2 rupee weekly range and closed with loss. We had seen sharp price breakdown in this week with strong volumes as well as strong price action. For next week 68.8 and 68 are support zones as well as targets. On upside 69.55 and 70 are strong resistances.
pound rupee forecast for 20 to 24 july 2015
NSE pound rupee future this week closed with gain. This week gbp inr high was at 99.67 while low was at 98.31. Total 1.3 rupee weekly range and closed with gain. In last week pound had taken support at major average and this week positive closing suggest medium term reversal sign for sterling. For next week, 101 and 102 are strong resistances as well as medium term targets for pound. On downside 98.6 and 97.7 are support zones.
yen rupee forecast for 20 to 24 july 2015
NSE yen rupee future this week closed with loss at 51.24. After last week’s bounce back yen resumed long term downtrend and heading towards historic lows. This week jpyinr future hit high around 51.97 while low was at 51.21. Total 80 paisa week range and closed with loss. This week yen move suggest deep downside for this currency in medium terms. Fresh low around 50.6 is possible in next week.